ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Alaska Airlines CEO ‘angry’ over Max 9 issues, makes 'demand' of Boeing

Alaska Airlines CEO Ben Minicucci revealed his frustrations with Boeing, saying Tuesday he is “angry" and "disappointed" with the aircraft company.

Alaska Airlines Chief Executive Officer Ben Minicucci vented his frustration at Boeing after one of its planes lost a door plug when it was in mid-flight.

"I'm angry. I'm more than frustrated and disappointed. I am angry," he told NBC Nightly News. "This happened to Alaska Airlines. It happened to our guests and happened to our people."

The Alaska Airlines CEO said the airline found loose bolts on many of the 737 MAX 9 jets it inspected in its fleet.

"And — my demand on Boeing is what are they going to do to improve their quality programs in-house," he added.

BOEING, ALASKA AIRLINES SUED BY PASSENGERS

Minicucci said the under-fire airline has added its own oversight on the production line at Boeing.

"We’re sending our audit people to audit their quality control systems and processes to make sure that every aircraft that comes off that production line that comes to Alaska has the highest levels of excellence and quality," he said.

United Airlines CEO Scott Kirby has also said that it also found additional loose bolts on its Max 9 planes.

Minicucci, who became president of Alaska Airlines in 2016 and began his career as an engineer, has attributed none of the blame to the airlines, but has apologized to guests on board.

"And it’s clear to me that we received an airplane from Boeing with a faulty door," he told the outlet. "Now the NTSB investigation is going to figure out why that was a faulty door, whether it was bad installation, missing hardware, a manufacturing issue, but there’s no doubt that Alaska received an airplane off the production line with a faulty door."

FAA FINISHES 40 BOEING 737 MAX 9 INSPECTIONS, REVIEWING DATA

In a video apology on Jan. 17, Minicucci expressed his gratitude to the crew onboard at the time of the emergency landing for their "extraordinary professionalism."

"I'm so incredibly grateful to the crew who responded with extraordinary professionalism and returned the flight and all aboard safely to Portland," Minicucci said in a video posted to YouTube. "I sincerely apologize to everyone on board the flight for what you experienced."

Following the incident, the FAA announced it was investigating Boeing to determine if the company failed to ensure that its products were safe for operation after the door plug blew out at 16,000 feet, forcing the California-bound flight to make an emergency landing back in Portland. 

The agency also announced it was investigating Boeing’s manufacturing practices and production lines, "including those involving subcontractor Spirit AeroSystems, bolstering its oversight of Boeing, and examining potential system change." 

GET FOX BUSINESS ON THE GO BY CLICKING HERE

Boeing did not immediately respond to FOX Business's requests for comment regarding Minicucci's comments.

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.